Loading ...Talking to someone about the massive amount of metals that were called for delivery.
Yankee stacking
I scrolled through tell the end got interesting. It explained why I had trouble with my order yesterday and why when I took off some coins it went through. A man there said he had a hard time getting cash out. That it used to be up to 10k but now it’s 5k they start asking questions. That a friend tried to pull out 50k and they told him it would take three weeks. I could see a problem there not just if you needed your money now but if you knew or had a bad feeling that bank was going to fail and wanted to get your money out.
We might have a chance
But it hasn’t broke though resistance yet in silver.
Buygold, good to have it hope you never need it, me either. The veterans wanted me to work in their wound clinic. I should of known that because they were sending be their patients to heal up but couldn’t solicit until I was leaving but by then it was too late. The CMT was causing me to much trouble and pain because I was told to only do passive things or would make it worse but I didn’t listen as long as I could.
Trying to bounce
on a bit of dollar weakness. We tried the same yesterday and then London opened and put the kabash on things. London opens in 30 minutes so I guess we’ll find out what happens.
I suppose there’s one good thing on the latest pullback – the metals haven’t made new lows. Gold seems to want to hold $4K.
Goldie – yes, I have long term care from the VA if needed.
Ipso
I did remember. In the year 2525.
Ipso SNG
Ipso yeah now they don’t even have to write when they can talk and text. Remember that song can’t remember the name about in the year 2525 if your still alive lol
Sng I used to have a bunch of collector pieces including ancient greece until they were stolen when I was moving and working and away. Luckily I didn’t have all my eggs in one basket. I liked to learn the history behind them.
I’m not sure what’ good it’s going to do is here with this move but perhaps it will help the phyzz and the miners but I think that will be predominantly by demand from businesses as how manh ETFs are backed by phyzz and if there is a sovereign liqudation it will effect bonds and maybe stocks at first but with the dollar headed down if here bonds and the printing press might have to start up.
goldielocks @ 20:51
Sounds like you may have some valuable numismatics there. I’ve never been into them and only save recognized silver and gold coins and bars for future barter and trade when paper becomes worthless and the “Mark of the Beast system is introduced. I don’t foresee any winners in the future we are being pushed into so I’m diversified in as many ways as I can to take care of whatever comes up…..and that includes farm and ranch friends I help now and I know I can count on in the future if they still exist and continue to produce.
I think Bill Holter is “right on” with his thinking, and I have my “Higher Power” to keep me on the right track and give me guidance. Luck to All from SNG!
Netanyahu doesn’t like this idea much
Trump clashes with Netanyahu over potential F-35 sale to TĂĽrkiye
goldielocks
Don’t worry we’ll have AI to think for us!
Ipso 19:48
It used to be a 6 th grade reading average, now it’s 5th.
Sng 1:00
Back to phyzz and BTW any key date Morgan’s went way up but guess I’m not counting the years. I had a couple key dates stolen but have to 1878 CC first editions one Bu one ms 63 hope the kids choose to pass on. I was checking metals and the premiums for silver are way up and so many things sold out or there just not selling.
Anyway per your video.
Effective July 24, major Chinese banks are liquidating retail leveraged paper gold positions and halting SGE intermediary services. Concurrently, the Hong Kong Precious Metals Central Clearing Company has launched a trial clearing system integrating physical Delivery Connect with the Shanghai Gold Exchange.Â
Strategic positioning following these shifts requires adjusting for distinct market dynamics:
- Exit Leveraged Paper Positions: Avoid leveraged paper gold and spot-deferred contracts through Chinese intermediary banks, as these are subject to forced liquidation deadlines. [1]
- Transition to Unallocated & Physical: Shift toward unallocated clearing accounts within the new Hong Kong Precious Metals Central Clearing Company, or acquire physical bullion backed by the Delivery Connect mechanism. [1, 2]
- Monitor the New “HAU” Spot Ticker: Watch the new HAU over-the-counter pricing code for the Hong Kong market to spot price discovery discrepancies versus Western markets (COMEX/LBMA). [1
- Track SGE Premiums: Utilize live SGE pricing dashboards via Metalcharts to monitor the premium between Shanghai and global spots.Â
- Leverage Institutional Products: Consider approved Gold ETFs or the Hang Seng Gold ETF, which benefit from recent regulatory flexibility regarding MPF (Mandatory Provident Fund) investments.
This doesn’t foreshadow a prosperous country. They’ll probably vote socialist as well …
Some College Students Are Testing At The Level Of 10-Year-Olds
https://www.zerohedge.com/personal-finance/some-college-students-are-testing-level-10-year-olds
Buygold
I want to pick up some gold coins and my darn bank denied it.
I’m getting a bit worried ay lawyer not worried about protecting my assets.Did u know but you might have enough yrs for vet if some unforseen event and needed long term care for months Near end of life if your not lucky and your insurance ran out and you ran out paying it out of pocket, money paying for it states medicade can do a 5 yr look back and delay paying for anything you paid to your family except a spouce or trust fir minor or disabled. So I wanted a certain amount in a irrevokable trust but he tells me they don’t have a 5 yr look back here but didn’t mention they have a 2 5 year, and said you can have something like 21k. Well I have more than that and why I want some money in a irrevokable trust out of my name and cross my fingers for 2.5 yrs and my life insurance in the irrevocable part too because if it’s whole life they’ll go after that too. People need to think about protecting their assets yrs before because last minute changes won’t count in most states.
Nice comeback for the QQQ’s
They’ve got the SM wired never to crash. Bears have no chance. Tomorrow they’ll run the DOW back up.
2nd day in a row the dollar has not held gains. Not enough to bring us back, but hopefully an early indicator of a bottom soon.
GDX blew out the triple bottom this am but has a chance to close above. Still not a pretty picture.
A good rally in the last hour would be nice. Unlikely, but nice.
Mr Copper Metals Guy
I can agree with that. That would be a interesting argument.
@goldielocks
The whole country got gradually poorer because we import FAR more than we export since 1969. They took away so many wealth creating manufacturing jobs and stuck us with wealth and tax absorbing jobs.
goldielocks
The national wealth pie has a certain size. If one group gets more, another group gets less.
Our poor may be better off than poor in other countries, but that is because our financial pie is so much larger, and not that our billionaires are not taking an unfair portion of the pie.
Good point but as long as we have crooked politicians getting in by needing to import votes or cheat who produce nothing, they will create shortages, housing being one of them. On the other end if some of the producers could replace humans with robots they would.
The Rich Do Not Get Rich at Expense of the PoorSo where does the myth come from, if the numbers don’t support it?
The idea sounds almost noble on the surface. Somewhere out there, a billionaire got rich, and somewhere else, a poor family stayed poor, and the two are connected. One man’s fortune, the theory goes, is proof of someone else’s misfortune. Thomas Sowell spent much of his career taking that theory apart piece by piece, and one comparison in particular tends to stop people cold. There are more billionaires in the United States than in all of Africa and the Middle East combined. And yet the poor in America live better, by almost any measurable standard, than the poor in either of those regions. If wealth at the top really did drain resources from the bottom, that shouldn’t be possible. The math should run the other way. It doesn’t. And Sowell built an entire body of work explaining why. Here’s the question worth sitting with for a second. If billionaires were the reason for poverty, wouldn’t the places with the fewest billionaires have the least poverty? They don’t. Not even close. Sowell has pointed out that even America’s officially poor households today have things middle class families a generation ago could only imagine. Color televisions. Microwaves. Air conditioning in most of them. Cars. None of that came from redistributing money downward. It came from an economy that kept producing more. That’s the piece the rich-get-richer narrative always skips over. Wealth isn’t a pizza sitting on a table, sliced into a fixed number of pieces where a bigger slice for one person means a smaller slice for everyone else. Wealth gets created. It didn’t exist yesterday and it exists today because somebody built something, invented something, or figured out how to do something more efficiently than it had ever been done before. Every time new income statistics come out, Sowell noticed the same two claims resurface almost on schedule. The rich are getting richer. The poor are falling further behind. And almost every time, the actual data tells a messier story. People move between income brackets constantly. The family in the bottom twenty percent this decade is often the family in the top twenty percent a decade later. Most Americans don’t stay in one place long enough for the labels to mean much. So where does the myth come from, if the numbers don’t support it? Politics, mostly. Sowell has argued that no government program built on redistribution has ever lifted the poor the way free markets have, even though redistribution is what gets talked about in speeches. The people who actually solved poverty on a mass scale weren’t the ones giving speeches about compassion. They were the ones who figured out how to make electricity affordable, how to mass produce automobiles, how to get food and goods to more people for less money. None of that required taking anything away from anyone. It required making more of it. The billionaire and the poor family aren’t opposite ends of the same rope, one side winning because the other side loses. In a functioning economy, they’re often standing on the same ground, benefiting from the same growth, even if one benefits a lot more visibly than the other. That doesn’t mean inequality doesn’t exist. It clearly does. What it means is that inequality and exploitation are not the same thing, no matter how often the two get treated as synonyms. Sowell spent decades daring people to check the numbers instead of trusting the slogan. Most never do. |
Ipso 10:07
Maybe it was supposed to fall on them. Better luck next time.
Poor Engineering
Pat Kiernan
@patkiernan
I wanted to actually understand where the old Pfizer Building failed. After a couple of hours of matching photos and maps this is my understanding.